MAREI's February 2022 Newsletter

2 0 2 2 F E B R U A R Y

MAREI

MID-AMERICA ASSOCIATION OF REAL ESTATE INVESTORS

NETWORKING OFFERING A WEALTH OF OPPORTUNITY TO CONNECT

EDUCATION FROM MEETINGS & WORKSHOPS TO ONLINE RESOURCES

DISCOUNTS FROM LOCAL AND NATIONAL VENDORS TO SAVE YOU MONEY

what's coming up 08

February 8th MAREI Meeting, Evening, Live & In-Person in Overland Park Turning Run Down, Unwanted Houses into Big Profits with the Queen of Rehab, Robyn Thompson. Doors open at 6:00 for Networking, Presentations Start at 7:00

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February 12th MAREI Virtual Meeting Saturday Morning on Zoom Follow up meeting to fill in the gaps that you have after the Main Meeting and to take a closer look at how Robyn Thompson deals with Contractors.

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February 19th & 20th, In-Person. Week-End. Overland Park The Queen of Rehab is back to share her wisdom on Turning Foreclosures, Estate Properties, and Unwanted Houses into Fast Cash - through Fix and Flip. Then parlay that cash into Keeper, Cash Flow with Pretty Houses & Airbnb Rentals.

Special Pricing for MAREI Members and Early Registrants.

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March 8th MAREI Meeting, Evening, Live & In-Person in Overland Park Attorney Casey Connealy joins us to help us take a long and very hard look into our business to make sure that our real estate empire can do what it was intended to do, even if we get incapacitated or pass away.

Date to & location to be determined.

When we buy or list houses where the owner has passed away or is in ill health, understanding how probate works helps us in connecting with those sellers and helping them through the sale process. Taught by Attorney Casey Connealy and qualifies for CE in KS & MO.

See MAREI.org/Calendar

MAREI Staff Chapter

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Kim Tucker: Kim@MAREI.org - 913-815-0111

Newsletter

Staff: Newsletter@MAREI.org - 913-815-0111

PartnerCast

Idea for a Partner Cast or Meeting - email Kim

Legal

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DON'T DOWNGRADE

YOUR DREAM JUST TO FIT YOUR

REALITY.

UPGRADE YOUR

CONVICTION TO MATCH YOUR

DESTINY.

Guest expert The Queen of Rehab Robyn Thompson

ARE YOU AN ACTIVE OR A PASSIVE REAL ESTATE INVESTOR? Are you an active or passive real estate investor? This is the MAGIC question that all real estate investors should ask themselves on a regular basis, whether they know it or not.

Let me explain.

Many beginning investors want to focus 100 % on wholesaling and rehabbing so they can make the fast cash and big checks. They don’t want the headaches of toilets, trash, and tenants. After all it feels good to take a rundown house and flip it to a rehabber and make a quick $5000 or $10,000 in a few hours or better yet tear it apart, fix it up and sell it to a first time buyer who will call it home for many years to come and you can make $25,000or $30,000 plus in just a few short months.

Active investing can be addicting and a real adrenal rush. Ask me how I know that. My nickname is the Rehab Queen and I have been rehabbing and flipping as an active income producing investor for over 25 years. I have done over 450 properties and those quick onetime paydays have been great. But…..

This one-sided thinking is FLAWED. I missed the boat for the first decade and a half of my career. What you really want to be is not a wholesaler, rehabber, or landlord. The best choice is to become a transaction engineer.

A transaction engineer is a savvy investor who can create deals that no other real estate investor can do. A transaction engineer knows that some properties are more profitable to

wealth. I was approaching my 50th birthday and realized that retirement was approaching quicker and quicker.

Robyn Thompson Rehabber, Short Term Rental Owner, Author, Trainer

keep than to flip.

A transaction engineer can make multiple offers to the seller not just low cash offers at MAO (Maximum Allowable Offer: After Repaired Value x70% – Repairs). A transaction engineer can make offers at market value and still make huge profits. The transaction engineer understands the power of getting terms, amortization schedules, discounts for early pay off and maximizing appreciation.

A transaction engineer will focus on creating a wealth plan that will incorporate both active and passive investing because the older you get the more passive you want to become. Let me give you a real fee example. We will use me as the example.

At the beginning of 2013, I noticed the US economy starting to improve. Real estate prices were at the absolute bottom in many parts of the US. I had been watching prices tank for nearly 7 years and as Warren Buffets says “Buy Low and Sell Higher.”

I was bound and determined to not miss the next appreciation run up. After all, I had moved to Florida in 2007 at the height of the market.

Prices were climbing as much as $1000 per week in some neighborhoods and I wanted to ride the wave upwards. I no sooner got settled in Orlando Fl and was ready to jump into the hottest market in the US went it sank like the Titanic.

As prices hit rock bottom in 2013 and then stabilized as low as $27 per ft, I was ready to jump in and create some massive passive

I wanted to make money even if I couldn’t get out of bed. I wanted to buy and hold some really nice homes in golf course gated communities, in great school districts where tenants could afford to pay premium rents. I wanted the type of properties that would appreciate the fastest.

Robyn will spend all day Sunday, February 20th on Building Passive Wealth. Be sure to attend.

I had enough of the low-end section 8 nightmares in my younger years. I had my share of bad tenants wrecking my houses, not paying rent, having to hire attorneys, and evicting tenants, being at the mercy of the courts to get the deadbeats out. I promised myself never again.

So I jumped in full force and started marketing for desperate sellers with beautiful homes in beautiful neighborhoods so I could purchase enough real estate for the rents to take care of me, my farm and my horses for the rest of my days.

I bought over $3 million in properties during 2013. All of the properties were purchased with seller financing as low 0% to as high as 3% interest. Yes, that is right many were at ZERO PERCENT INTEREST! The entire payment all goes to the principal.

Here is an example of one property: I bought an estate sale on Hugh St in Port Orange that was listed for 4 months in the MLS at $139,900. No other real estate investor saw the deal. They are not transaction engineers.

The house needed paint and carpet which was $5,000 in repairs. I gave the seller three offers.

She picked the third offer which was $130,000 purchase price with $30,000 down (this came from a flip) and I would pay the remaining

$100,000 at $1000 per month for 100 months.

I rented the house out for $1250 per month which covers the taxes, insurance and the $1000 per month I owe the seller. Every month I make her a payment, the loan reduces by $1000. It all goes to my net worth and none to a bank. You do realize that the house will be paid for in just 8 1/3 years, not 30 years!

Now in 2022, with $1000 a month going to

ranch and all my horses in a lifestyle that is more than comfortable. Now, all those properties I bought back then are free and clear and now. And all the rents they bring in are passive income.

But since 2016, we have seen a huge demand for short-term rental properties. Pretty, furnished properties that you can rent by the night, by the few days or for just a few months.

Without the property management headaches of traditional rentals at more than premium

Robyn Thompson The Queen of Rehab and it Seems Passive Wealth Will be joining us for Several Different Training Events in February See MAREI.org or the Next Page for Details. that loan, it is paid off. And with the market the way it is, it has appreciated greatly from that $155,000 value back then.

The great news is the numbers get better every month! This house will continue to pay me for the rest of my life rather I get up and go to work or not.

So let me ask you a serious question. How many of these do you need before your golden years would truly be golden? Is it 5, 10 or 15?

So back in 2016, my plan was to have $25,000 per month after property taxes, insurance , and maintenance. This $25,000 will cover me, my

rental prices to pay for the management and cleaning needed to keep them rented.

I look forward to joining you in February to share how I became the Queen of Rehab and how I manage my business, find my houses, deal with my contractors, and sell those properties - Those Fix N Flip Properties that create BIG FAT CHECKS. I also look forward to sharing how I am building my wealth through passive income from my pretty, keeper houses.

MAREI February

The Queen of Rehab Robyn Thompson is Coming to Kansas City

EVENTS Feb Workshop Day 1

19

Fixing and flipping houses—AKA retailing—is one of the most profitable, high-demand, and satisfying CASH strategies in real estate. Robyn Thompson “The Queen of Rehab” has flipped over 450 properties and is the nation’s top expert in the art of building a retailing machine.

She will share her cutting-edge strategies to find profitable deals even in this crazy market. Plus, how to manage contractors to get projects done on time & on budget: The 9 types of houses to never buy and the "buying formula" How to find, and hire the best contractors and the 8 you NEED. The enitre rehab process you need to understand BEFORE You BUY The 21 Critical WOW factors that get your hoeus sold FAST All Day Saturday, February 19th at the Holiday Inn 87th Street.

Feb

20

Workshop Day 2

Real Wealth comes not from what you flip, but from what you keep and cash flow. Since 2012 Robyn has been buying drop dead gorgeous houses in really niche neighborhoods with seller financing and keeping them . . . many at ZERO interest for rental and Airbnb.

Where to find the best “Pretty” properties to keep How to maximize cash flow by building appreciation, increasing Equity paydown, and eliminating vacancies Analyzing vacation rental markets to buy the most profitable homes Converting Your Rentals To Vacation Rentals To Triple Your Income 5 Methods to optimize your VR listing so you maximize bookings Building a 5 star cleaning team so you don’t touch the house How to get a VR to produce $100,000 in revenue per year All day Sunday Febrary 20th at the Holiday Inn on 87th St in Overland Park

Register by February 14th Members Just $49 Bring a Family Member or Business Partner for $10 more 913.815.0111 or www.MAREI.org

Early Bird Discounts through the 14th for Non-Members as well.

AS A BUSINESS OWNER DO YOU HAVE A PLAN? Asset protection in place? Steps taken to reduce your tax burden as a business owner? What about planning for your business after you are no longer able to manage it? Will it provide for you and your heirs?

Business owners are responsible for their own success when it comes to growing their company and turning a profit. However, business owners also face unique issues which people who earn wages from an employer do not need to address. Some of the issues that may be faced by business owners can include:

Partnership or shareholder disputes: If you co-own a business with others, disputes or disagreements may arise over the course of ongoing operations. A dispute can undermine the success of a business if it is not resolved effectively. To reduce the chances of disagreements and to make sure there is a plan in place for solving them productively, you should have a partnership or shareholders agreement that all co-owners have signed. You may also wish to consider having a buy/sell agreement to determine what happens if any partner needs to leave, and employment agreements dictating each owner’s role.

Liability for business debts or judgments against the business: When your business goes into debt or when your company is sued, there is the potential that your personal assets Information in this could be put at risk. A business bankruptcy could also become a personal bankruptcy, depending upon how the company is structured. You may wish article taken from to consider options for reducing tax liability, such as incorporating. several articles on at Business tax issues: Companies must make sure they are withholding payroll taxes from employee checks and making periodic payroll tax payments. You may also have to pay in quarterly estimates to the IRS, depending upon your earnings. Failing to pay all business taxes could have profound financial consequences.

MidwestEstatePlan. com the website for Casey Connealy our March Guest Speaker..

Incorporating the business. When you incorporate a company, the company becomes an entirely separate legal entity from you. You have separation from the business so your personal assets are not put at risk if someone sues the company.

We talk about all of these things in real estate investor training under the topics of asset protection and tax avoidance. We learn how to protect our business and lower our tax burden so that we can grow our vast real estate empire. What we don't often talk about is when we are no longer able to manage our empire.

Risks Faced by Owners of Family Businesses, Like Real Estate Entrepreneurs Owners of family businesses are at risk because they have substantial assets. These assets make business owners vulnerable to being sued, or to creditor claims if creditors try to come after assets.

It means that if the business owner has to go into a nursing home, the asset could prevent him from qualifying for Medicaid to pay for the nursing home care. It also means that the family business could push the owner’s estate over the excludable threshold for estate taxes, which could in theory force a fast liquidation to pay estate taxes.

Business succession issues: If you become disabled, die, or simply want to walk away from the business, you need to know who is going to take over management of the company and how to facilitate its transfer. A business succession plan allows you to define who will take control and what the transition process will involve. If there are co-owners of the company, they also need to be on board with the business succession plan. You may wish to create a buy/sell agreement with your co-owners so you are all protected in case anyone leaves. You also want a plan to avoid estate taxes if your business shares put your estate over the excludable limit before taxes are assessed on your estate.

"

WHAT HAPPENS IF YOU WERE TO PASS AWAY OR BECOME INCAPACITATED?

Put the Appropriate People in Charge. An estate plan allows you to choose people who can be given authority to make financial and medical decisions on your behalf if you become disabled. It also lets you name y our executor, your trustee who will manage your vast empire, and the guardian of your minor children – all the people who will be in charge of making sure your wishes are carried out and honored after your death. Without an estate plan, these people will be chosen by a judge – and they might not be the same individuals you would select – in fact, the judge could select a complete stranger.

Distribute Your Assets the Way You See Fit. With an estate plan, the property you’ve worked so hard to accumulate goes to the people you choose, in the proportions you choose, and at the times you choose. If you do not have an estate plan, your property is distributed to your family members according to a scheme provided by state law. No allowances are made for family dynamics, personal preferences, or special circumstances.

Protect Your Loved Ones’ Inheritances. Your children’s and grandchildren’s inheritances face all kinds of threats. Without a solid plan, the money and property you pass on to your family members can be eaten away by their financial inexperience, divorce, or lawsuits. The money you’ve earmarked for inheritances can even disappear during your lifetime if you’re faced with nursing home bills. Your estate planning attorney can build provisions into your plan to protect your family’s inheritance from these threats and more.

Prevent Conflict and Reduce Stress. The death or disability of a loved one is a stressful time for a family, and it can be fraught with conflict. When you put an estate plan in place, you provide your loved ones with a roadmap for negotiating this difficult period with as little tension as possible. We will be talking about things to think about within your plan at the April MAREI Meeting, to make sure your vast real estate empire, provides for you if you become incapacitated, and leaves the legacy you have planned to your heirs.

"

To learn more about Groundfloor Loans or Investments Visit www.groundfloor.ur

OVERPAY for rental properties All too often we fixate on one metric alone; sales price. It’s the measurement that we’ve been conditioned to use as an indicator of our success or failure. We all want a great deal, and for many of us a discounted sales price is our goal, but should it be? Sometimes, yes, but “it depends”.

"I like to overpay for rental properties. Hear me out.? ~ Daniel Hart The sales price does not always need to be a concern. At first read this may sound ludicrous. How could the sales price not matter? Well, it might matter to a seller, but it doesn’t necessarily need to matter to YOU.So, let’s give the seller what they want. In exchange, let’s get what WE want.

Here is an example of a real deal (one of many similar deals, not just a one-time lucky deal) that I actually closed on, and still own today:

A seller, Mr. Coleson, called me from my motivated seller direct-mail marketing. He invited me out to look at his property on Big Tree Lane, which was vacant and rent-ready (often rare with motivated sellers). What really surprised me about Big Tree Lane was that it was a 5-bedroom house. In a lower-middle income neighborhood this is a rare find, and I knew the rents can be substantial on the higher bedroom count houses, at least $1,100 a month in this case, so it certainly piqued my interest.

The county tax value was $101,000, and that is exactly what he wanted. By listening to his needs, it was apparent that this figure was very important to him, and any negotiation was going to need to be structured around this need. There was one big problem though. At the time (2010), the market value was closer to $50,000. Yikes! But, maybe that’s ok.

One important question I always ask is: “If we can agree on a sales price, would you CONSIDER taking your equity in monthly installments?”

necessary! Anything can be negotiated, but I have much more success when monthly payments are discussed. In this deal, the seller did state that he would want to receive at least $2,000 at closing. The amount was small enough that I didn’t feel it was even worth negotiating.

I asked Mr. Coleson what kind of payment would be acceptable to him, and he said, “Can you do $600 a month?”

I said, “I am sorry but I need to keep it no higher than $400.”

He said, “Well, could you do $500 a month?” Once again, I said, “I apologize, but I really need to keep the payment to a maximum of $400 a month.” In truth, I had more flexibility, but in negotiation, you should often “ask for more than you expect to receive”.

After that, he said, “Well, what ELSE could you do?”. That was an interesting question. He knew there was still some value to be gained from his side of the negotiation. He wanted something, but he was not sure what. What could I give him? I already hinted that I would agree to his abovemarket value sales price, and at this juncture, we both knew the payment would likely stay at a maximum of $400.

I made a suggestion and said, “How about I increase the down payment to $3,000?”. I was certain he would object, but he immediately agreed!

I expected that to be a starting

point of more negotiation, ultimately ending in a much larger down payment, but for some reason, a $1,000 increase was enough to meet his needs.

"If we can agree on a sales price, would you CONSIDER taking your equity in monthly installments?

He was previously asking for an extra $200 a month, and then an extra $100 a month, which over many years FAR exceeds the extra $1,000 at closing. I will never understand why he agreed to the extra $1,000, but I can assure you it was not for lack of intelligence. Many times, a seller will do things that we ourselves would never do, so we cannot let our own expectations influence the negotiation. Therefore, it never hurts to ask for what we may not expect to receive.

Normally, I would not even bring up the topic of an interest rate, unless it is asked by the seller, but he did express the I always insert the word “consider”, because motivated sellers want to appear cooperative, and who wouldn’t at least “consider” an option? Even if a seller does not want to take their equity in monthly installments, they still usually say

desire for interest, so it needed to be addressed. I asked if we could keep the payments “principal-only”, and if he would be willing to accept payments for 10 years. He agreed! It’s good I asked!

that they would at least consider it. If my question was “Will you take your equity in monthly installments?” then more often that answer is a flat-out NO.

That meant we now had a tentative deal for 10 years of 0% financing. Every $400 payment would directly equate to a $400 reduction of the principal balance. With an (estimated)

So, as you might have guessed, his answer was “Yes, I would consider that”.He was open-minded to terms (a.k.a. seller financing). This opened the door to further discussion about

$1,100 a month in rent, that was some significant cash flow, but what about that over-payment? To pay double the market value must surely still be a mistake! Think again.

his needs. Some of the information I needed to acquire from him, preferably not suggested by me as a seller prefers that it is their own idea, is a ballpark of an acceptable payment amount, and a down-payment (if even requested).A downpayment (or even monthly payments) are not always

After I closed on the deal and received the deed, I rented the property for $1,110 a month. When factoring in taxes of $100 a month, insurance of $35 a month, a 10% vacancy allowance of $110 (never forget vacancy!), and a 10%

maintenance allowance of $110, that equated to a monthly net income of $355, or $4,260 a year.Not too shabby for $3,000 out of pocket! In fact, that return on investment equals 142%.

When we look at the numbers, the cash on cash return is well over 100%, which is of course easy to measure, but the value of the 0% financing may not be so obvious. At 4% interest, about what a bank might charge, on a $98,000 balance, that is almost $4,000 a year saved, but let’s get back to that sales price.That is, after all, what you came here to read about.

I paid double the market value of the property, but only on PAPER. I bought the deal for the TERMS. With the full balance due in 10 years ($50,000), I can likely extend the terms with the owner, refinance with a private lender, or even a bank (yuck!). However, should a situation occur in which I am unable to fulfill those terms (which is not a situation I take

MARKET UPDATES

lightly) I would have still earned approximately $51,120 over those ten years.

Should all forms of extension or refinance fall through, the

As real estate investors, we turn to whats happening in the market to determine where we should invest and what type of investment strategy we should we should use.

seller could take the property back, and I would not be liable for the remaining balance owed, since it was not actual money lent. At that ten-year mark I did pay the balance in full, and today the house is rented at $1,225 a month (slightly under market, as that prevents vacancy, but is a topic for

We review things like sales trends, sales prices, and inventory. or the lack of inventory as the case may be. We also look at the economy, jobs, and development.

another day), and is worth about $250,000. Now, I didn’t count on any appreciation, but it certainly is icing on the

It is also important to look at the overall picture of the city.

cake.

It is worth noting that some of the conversation with Mr. Coleson was with more technical vocabulary, only because he was an existing landlord with investment experience, but I always try to avoid technical vocabulary and keep the conversation as basic as possible. When most sellers hear

Here at MAREI we try to keep our members up to date on a lot of different market factors through articles and videos from time to time.

You can find these posted at

complicated financial vocabulary, they begin to feel overwhelmed. Keep it simple. E.g. “I will buy your property for

MAREI.org/Market-Updates

$100,000, pay you $2,000 at closing, and then $400 a month until paid”. That simple agreement is a 0% interest deal! Big

The latest updates include:

words do not impress sellers, they only serve to confuse and intimidate them while feeding our own ego.

So, is overpayment a viable strategy? In my opinion, the answer is a resounding YES!

Daniel Hart, Owner of Hart Homes and author of The Real Estate Roadmap (available on Amazon) has been investing in New Jersey and North Carolina real estate since 2004, and has purchased over 100 properties, almost all using creative financing strategies to create passive income.

He is a former

board member of the Metrolina REIA in Charlotte, NC.

Kansas City, by the numbers from KCRAR Kyle Nieman's Kansas City Real Estate Market Review, a recording from a recent WinVestor's Meeting Landlords We are Coming From You - commentary on the political climate in Kansas City Missouri Is BRRRR Dead a look at a popular investment strategy and how it is fairing in our super heated market Housing for All Toolkit for Healthy Communities, a research project presented at recent Landlords of Johnson County Meeting We would like to thank all the contributors that helped make these most recent market updates possible.

Reprinted National REIA's Real Estate Journal

LEGISLATIVE UPDATE ACROSS THE COUNTRY National REIA tracks bills across the country as well as works on bills in the halls of Congress. There are seven primary categories of types of bills as well as various rent strikes and anti-eviction and antibackground check efforts. Here is a summary of the various categories: Abandoned Property: not nearly the hot-button issue it has been in the past. This category is truly a reflection of the macro-economy. With very few homes sitting unused or vacant due to high demand, less than 30 bills were even drafted on this issue for ’21, and none have passed as of yet.

Property Maintenance Code: An issue that dominates at the local level, only 17 bills were even filed in 2021. Of those, most were focused on updates for the International Building Code – standard state updates for consistent compliance.

Ironically, most states tweak their version, undercutting the “international” aspect.

Landlord Issues / Property Management: With

Covid-19 related bans on evictions dominating the headlines, it is no surprise that nations 7,383 state legislators filed almost 5,000 bills relating to rent!

While Northeast Blue States like New York, and New Jersey had 575 and 474 bills respectively.

While Minnesotans filed over 250 bills, many states averaged 50-100 bills. Passage on the other hand was relatively low – as these bills were more about public relations statements than actual policy.

Rent control and rent control pre-emptions have been introduced in many states depending on the liberal–conservative bent of the state. The issue of rent control, evidentially proven to be bad for lowincome renters, property owners, and housing costs, has not stopped the Housing-as-a-Right crowd from demanding Rent Strikes and Free Rent – without reprisals during the Covid-19 Pandemic, no matter how long it runs.

For example, New Jersey has banned evictions for non-payment due to Covid-19 until 2-months after the pandemic emergency is lifted! What politician is

municipalities excited about growth, but as there are fewer homes for low-income residents to rent, the preservation activists will increase their volume and new bills will be forthcoming.

Charles Tassell COO National Real Estate Investors Association

going to announce the end of the pandemic with a never-ending string of new variants on the horizon and an ever-increasing unpaid rent tab for at-risk renters? The impact on housing providers has yet to be determined.

Short term rentals have been percolating in many states with local communities passing laws that are less than welcoming. More states are entering the fray, in part to set consistent rules, but also as the big boys in the market, the hotel industry, has been taking it on the chin, exacerbated by Covid-19, and post-Covid-19 concerns.

Source of Income (SOI) is an issue that is not well understood. The definition is misleading in that if a resident actually had income, they would likely qualify. Most property owners have a standard formula of 2.5-4X income to qualify a resident. SOI legislation scraps that formula and requires housing providers to accept a different type of payment with a whole series of rules, regulations, timing delays and inspections different from the local and state standards. Simply put, SOI is not about income, it’s about federalizing housing.

Real Estate Inspections: Over 100 bills have been introduced so far dealing with the issues such as the expansion of inspection items, individuals & businesses to be included, the actual process, discrimination, and, of course, licensing for all.

House Rehabbing & Housing Preservation: These two categories are typically driven by increasing housing costs or a scam that catalyzes new legislation to fix a problem that may or may not be covered by other laws. In areas like California where the cost of housing is driving new ideas like secondary residential structures, rehabbing and preservation are going hand in hand for now. These will likely diverge again as gentrification issues reemerge over the next couple years. Presently, the capital influx into underperforming markets has

Business Licensing: Governmental licensing is based on two key concerns. The first is often expressed by those presently in the business to be licensed, and that is their concern for “quality.” Which is another way of saying the consumer isn’t smart enough to pay my rates for the service I’m providing, therefore we need to put some roadblocks in the way of others coming into this market; furthermore, the government created lack of supply will increase the price and prop up my business. Second, the government in all its wisdom, elected, bureaucratic, or both know more about your business than you do and therefore you need to come to them for instruction, guidance, and regulation.

With over 3,889 bills filed on business licensing, and very, very few to eliminate the licensing or reduce requirements, it speaks volumes about the willingness of the country’s small businesses willing to utilize the power of government to restrict access to their chosen business, or the depth and breadth of self-proclaimed expertise and wisdom residing in the halls of government. #HangOnToYourWallet An additional area of concern is Assistance / Companion Animals. Many states are actually pushing back against the overly broad definitions provided by HUD, which have now spanned 3 administrations. The clarifications during the last administration were an unmitigated failure and have accelerated the growth of “novelty” and outright dishonest websites providing identification and paperwork justifying why Fido, Smokey, or any number of other animals are legitimate. Beyond the companion animal website scams, there are also websites that will provide a variety of other novelty items a resident might need, such as pay stubs and proof of employment. Would you like to have documentation showing your graduation from the college of your choice, months of great paystubs?

And the ADA/HUD latitude required to keep your pets as therapy, companion, or assistance animals?

They can be yours for a low, low introductory cost.

One caution, if you search these sights, they will inundate you with advertisements, and they are not necessarily professional in their handling of your personal information. After all, they are helping you run a scam, and…there is no honor among thieves in this situation.

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1 9 |

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